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Elkhart County, IN · Sold

IN-577749

2374 County Road 46

$903,300
$6,591/ac · 137 ac
Acreage137 ac
Price per acre$6,591/ac
ZoningMixed Use
Road accessPaved
UtilitiesPower at road
TopographyRolling
ListedApr 11, 2025
Coordinates41.6336, -85.7997
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Elkhart County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Elkhart market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
26
Low risk
Wetlands14.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power57 ft away

Power at or near the road.

Buildable area111.46 of 137.06 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$967,705
$713,457$1,221,952 · $7,060/ac on 137 ac
Asking vs estimate
-6.7%
Priced below the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $903,300
Maximum allowable offer
$552,974
$4,035/ac · +30.0% target margin

You need $350,326 off asking to hit this margin.

All-in cost$599,977
Net resale$890,288
Projected profit$290,312
ROI+48.4%
Annualized+69.2%
Break-even resale$4,758/ac
Profit if resale lands off target
-20%
$112,254
-10%
$201,283
0%
$290,312
+10%
$379,340
+20%
$468,369
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-108284
Dirt · Full utilities
201.9Jul 27, 2026$900,0004,4575,5796.5 mi
78
IN-478258
Landlocked · Power at road
198.2Nov 9, 2025$513,3002,5905,1261.8 mi
77
IN-366806
Paved · Power at road
69.2Jul 27, 2026$681,9009,8518,3579.8 mi
76
IN-658439
Landlocked · Off grid
225.9Mar 18, 2026$737,3003,2637,7683.6 mi
75
IN-137011
Dirt · Power at road
80.3Dec 2, 2025$498,0006,2017,6703.6 mi
74
IN-628176
Paved · Power at road
186.7Sep 9, 2024$874,1004,6815,5004.8 mi
73
IN-466849
Gravel · Off grid
71.4Jun 3, 2026$420,3005,8867,0248.4 mi
72
IN-596098
Landlocked · Off grid
41.5Jul 27, 2026$142,6003,4405,3647.7 mi
68
IN-996657
Paved · Power at road
62.1Jul 5, 2024$475,6007,6546,8883.6 mi
67
IN-646612
Dirt · Off grid
60.1Dec 7, 2024$498,9008,29511,7715.5 mi
66
Show adjustment detail for the top comp
  • Tract size (201.94 ac → 137.06 ac)+11.1%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Full utilities → Power at road)-18.0%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.